JUST IN: Gems ready to roll

Zimbabwe’s Gems making their debut appearance at the Vitality Netball World Cup are about to take on Sri Lanka in their opening Group A match.

NetOne posts US$10m profit

Tawanda Musarurwa Senior Business Reporter State-owned mobile telecommunications firm, NetOne, recorded a US$10,2 million profit for the year ended December 31, 2018, a massive turnaround from a US$77 million loss…

Power cut claims at JM Nkomo airport dismissed

Africa Moyo The Civil Aviation Authority of Zimbabwe (Caaz) has dismissed claims that a fastjet aircraft failed to land at Joshua Mqabuko Nyongolo Nkomo International Airport in Bulawayo on Wednesday…

‘Dollarisation failed to create jobs’

Golden Sibanda While Zimbabwe registered remarkable economic growth during the multi-currency era, the period dismally failed to generate significant formal jobs, research findings 5released by the Reserve Bank of Zimbabwe…

Govt to expunge legacy debts through Brady Bonds

Tawanda Musarurwa Treasury will use Brady Bonds to expunge US$1,2 billion worth of external private sector legacy debts as Government moves to restore and increase investor confidence in the country,…

Treasury Bills for price discovery: Guvamatanga

Kudzanai Sharara The $80 million Treasury Bills issued out by Government this week are only for price discovery purposes and not for funding expenditure, according to Secretary for Finance and…

Banks ditch Paynet, test own system

Golden Sibanda RELATIONS between banks and bulk electronic payments service provider, Paynet Zimbabwe, may have irretrievably broken amid revelations that the banks are on the verge of testing an alternative…

ZHL seeks to raise US$10m offshore

Business Writer Zimbabwe Stock Exchange-listed entity Zimre Holdings Limited (ZHL), is looking at raising US$10 million at its subsidiary Emeritus Reinsurance, sources familiar with developments have revealed. ZHL is currently trading…

$30 000 property reduced to ashes

Michell Zvanyanya, Chronicle Reporter PROPERTY worth ZWL$30 000 was reduced to ashes after a house was gutted by fire in Bulawayo’s Lobengula West suburb. The incident occurred at around 9PM on…

UPDATED: Bulawayo Town Clerk ejected from office. . . Acting mayor and sidekick get violent

Nduduzo Tshuma, Political Editor  BULAWAYO deputy Mayor, Tinashe Kambarami, and Ward 4 councillor Silas Chigora yesterday violently ejected Bulawayo City Council Town Clerk, Mr Christopher Dube, from his office after he…

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